Your grandfather has offered you a choice of one or the three following alternatives. 514.000 now: $7.250 a year for ten years or $96.000 at the end of ten years. Use Appendix Band Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods 0-1. Assuming you could earn 6 percent annually compute the present value of each alternative (Do not round intermediate calculations, Round your final answers to 2 decimal places.) Answer is complete but not entirely correct. Present Value $ 14,000 $7.250 5 96,000 $ $ $ 14,000.00 53,360.63 50.920 96 6-2. Which alternative should you choose? $96,000 received at end of ten years 57,250 received each year for ten years o $14,000 received now 0-2. Which alternative should you choose? $96.000 received at end of ten years $7.250 received each year for ten years $14.000 received now b-1. If you could earn 7 percent annually, compute the present value of each alternative: (Do not round intermediate calculations, Round your final answers to 2 decimal places.) Present Value 5 14,000 7.250 non 96.000 b-2. Which alternative should you choose? $7.250 received each year for ten years $96,000 received at end of ten years $14,000 received now